Mrs. A. R. Richardson v. C. R. Hart

Summary

The Texas Supreme Court held that the mineral deed at issue was not ambiguous and that the phrase “l/16th of l/8th of all of the oil royalty” means a one‑hundred‑twenty‑eighth (l/128th) interest in the royalty payable under the lease, which equals one‑thousand‑twenty‑fourth (l/1024th) of all oil produced. Accordingly, the lower courts' judgments were reformed to reflect that limited interest and were affirmed.